CNBC Teams With LinkedIn, Social Networking Recognition, Google Video for Business, Wikipedia/Legal System, Mobile Social Networking - Free Line 9-5-08

Last week, we told you about C-SPAN’s use of cutting edge services like Twitter and Qik during the Democratic and Republican National Convention. Now it’s CNBC’s turn to join the Web 2.0 party. The venerable business network has announced a new partnership deal with LinkedIn, a social networking site that caters to business people. LinkedIn users will now be able to access CNBC-produced blogs, financial data, and videos directly from their site. In return, content and ideas derived from LinkedIn users will be used on various CNBC programs and specials. Expect the new partnership to begin shortly.

In other news, the concept of social networking might not be as well-known or as popular as we might think. Research firm Synovate is reporting that 58% of those polled worldwide did not recognize the term. Out of the users polled, roughly 36% claim that they are losing interest in their social network site of choice. Critics of the poll say that Synovate did not get a “true reading” of the market, thanks in part to its unwillingness to interview anyone under the age of eighteen.

In video news, Google has announced the release of Google Video for Business. Think of it as the “YouTube” of the corporate world. The underlying idea behind the service is to combine YouTube-style functionality and general ease of use with the security of a private network. The result is an innovative new way to conduct many traditional office functions, such as sharing corporate announcements and disseminating training videos. Google Video for Businesses is a part of Google Apps Premiere and is available now.

Tuning to the law, it seems as if the judges have spoken — information directly derived from Wikipedia is not suitable for use in a court of law. According to the 8th Circuit Court of Appeals, the inherent unreliability Wikipedia’s user-edited content makes the online encyclopedia worthless in terms of a legal proceeding. The court’s ruling is in line with the stance of the Board of Immigration Appeals, which ruled that the information culled from Wikipedia was inadmissible. Neither the courts nor Wikipedia have chosen to comment publicly at this time.

And to finish out the week, mobile social networking is on the rise. According to ABI Research, social networks are on track to make $410 million by the year 2013. The key, says ABI Research director Michael Wolf, lies in emerging markets such as Brazil and India. If mobile networks do not take off in those countries, or if the fees for the mobile network are considered to be too high, the projected number could change dramatically. Wolf also claims that the uniqueness of the services, as well as the overall quality of the content located therein, are also major factors in the growth of these networks.

Comments

  1. September 5th, 2008 | 11:12 am

    Not particularly surprised that typical internet users are unfamiliar with social media sites when those same folks still use IE and search for Yahoo! using Yahoo!. In addition, most of these sites are extremely time consuming and some people still want to have a life away from the computer. :)

    As always, great site Brad. How is FreeIQ doing these days?

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